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The 5 Money Management And Position Sizing Secrets Of The Turtle Traders
The Turtle traders were a legendary group of traders coached by two successful traders, Richard Dennis and William Eckhardt. They selected 10 people (turtles) with little to no prior trading experience and turned them into winning traders by providing them with a set of very precise trading rules. The building block of the turtle traders’ success was their advanced risk and money management and their position sizing approach. The following 5 principles explain the most important risk and management principles of the turtle traders’ strategy. The turtle traders used a volatility based stop loss order, which means ... (full story)